- CEO
- Philip Mitchell
- Full Time Employees
- 3
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 28 Cantonment Street Melbourne WA Australia 6160
- IPO Date
- May 1, 2006
- Business
- Aura Energy Limited (ASX:AEE) explores and evaluates mineral properties primarily focused on uranium, vanadium, gold, and base metals in Mauritania and Sweden. The company holds an 85% interest in its flagship Tiris Uranium Project in Mauritania, which features near-term, low-cost production potential with opportunities for resource and production expansion; it also owns the large-scale Häggån polymetallic project in Sweden, which includes a significant inferred vanadium resource of 13.1 billion pounds suitable for energy storage batteries, alongside additional exploration assets such as the Tasiast Project in Mauritania with permits at Taet (100%), Bella (100%), and Nomads (up to 70%). Aura Energy targets clean energy minerals to support global decarbonization, serving markets in uranium supply for nuclear power and vanadium for battery technologies, with operations spanning Africa and Europe.
Founded in 2005 and headquartered in Fremantle, Australia, the company maintains a lean structure with subsidiaries supporting its exploration activities across these jurisdictions.
Recent developments include a US offtake agreement for Tiris uranium output, a $9 million equity placement to fund advancement, a quarterly cash flow report highlighting progress, appointment of Michelle Ash as a director, technical reviews and test work for an initial public offering of its Häggån vanadium spin-out entity in which Aura plans to retain a 78-80% stake, and a June 2024 deed of cross-guarantee with four Australian wholly-owned subsidiaries to streamline financial reporting.